ODDITY Tech Ltd. (ODD) – What Are Investment Firms Thinking About This Stock?

ODDITY Tech Ltd. (NASDAQ:ODD) has earned an average rating of “Reduce” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.35.

Several analysts recently weighed in on ODD shares. Bank of America reissued an “underperform” rating on shares of ODDITY Tech in a report on Thursday, September 10th. Morgan Stanley upped their price objective on shares of ODDITY Tech from $16.50 to $18.50 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Zacks Research upgraded shares of ODDITY Tech from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Jefferies Financial Group lifted their price target on ODDITY Tech from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a report on Tuesday, September 8th.

Insiders Place Their Bets

In other ODDITY Tech news, CFO Mann Drucker sold 7,717 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total value of $116,449.53. Following the completion of the sale, the chief financial officer directly owned 116,135 shares of the company’s stock, valued at $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 51,379 shares of company stock worth $765,474.

Institutional Trading of ODDITY Tech

Hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in ODDITY Tech by 123.5% in the 2nd quarter. State Street Corp now owns 836,446 shares of the company’s stock worth $12,655,000 after acquiring an additional 462,137 shares during the period. Amundi boosted its holdings in ODDITY Tech by 17.8% in the 1st quarter. Amundi now owns 434,945 shares of the company’s stock valued at $5,820,000 after purchasing an additional 65,647 shares during the period. Rice Hall James & Associates LLC bought a new position in ODDITY Tech during the 1st quarter worth $3,533,000. Halter Ferguson Financial Inc. purchased a new stake in shares of ODDITY Tech in the first quarter worth approximately $2,789,000. Finally, Conestoga Capital Advisors LLC raised its holdings in ODDITY Tech by 14.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 111,970 shares of the company’s stock valued at $2,089,000 after acquiring an additional 14,350 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Trading Down 0.9%

ODDITY Tech stock opened at $20.18 on Monday. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $17.36. ODDITY Tech has a 52-week low of $9.25 and a 52-week high of $46.45. The company has a quick ratio of 2.11, a current ratio of 3.45 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.16 billion, a P/E ratio of 84.08 and a beta of 2.14.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $180.52 million for the quarter, compared to analyst estimates of $178.23 million. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. ODDITY Tech’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. Analysts predict that ODDITY Tech will post -0.25 EPS for the current year.

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a consumer technology company that develops and operates beauty and wellness brands through a digitally native, direct-to-consumer business model. The company uses data science, artificial intelligence and proprietary technology to develop products, personalize recommendations and support online customer experiences.

Its portfolio includes IL MAKIAGE, a makeup brand offering products such as foundation, concealer and other cosmetics, and SpoiledChild, a beauty brand focused primarily on haircare and skincare products.